[PRESS RELEASE – San Francisco, United States, 22nd February 2023]
Unstoppable Domains commits to not assert towards members of the Alliance its patents which can be essential to undertake the Alliance’s interoperability and safety requirements
The Web3 Area Alliance, a member-led coalition devoted to enhancing the technological and public coverage environments for customers of Web3 naming companies, immediately introduced 52 new members together with Blockchain.com, Rarible, Wyre, Bitdegree, WazirX, and Klever, together with dozens of different naming programs, initiatives and corporations.
As a way to assist the continuing growth of digital id expertise in Web3, Alliance members together with Unstoppable Domains will make a contribution, together with expertise, to allow interoperability and safety requirements. As a part of this dedication, Unstoppable has irrevocably agreed to not assert towards Alliance members its patents which can be essential to undertake the Alliance’s interoperability and safety requirements. Extra info might be discovered on the Web3 Area Alliance web site. A founding member of the Web3 Area Alliance, Unstoppable was not too long ago awarded a patent round resolving blockchain domains and goals to assist innovation throughout the Web3 business by means of its IP investments.
Members of the Web3 Area Alliance will have interaction on matters together with shopper safety, interoperability of blockchain naming programs, truthful and open use of mental property within the business, stopping naming collisions, and extra. Collectively, the Web3 Area Alliance will advocate for requirements within the Web3 area business to foster innovation and a protected surroundings for individuals. Just lately, the crew at Web3 social buying and selling community Metascan deprecated their NFT top-level area to keep away from a reputation collision and joined the Web3 Area Alliance.
“As an early member of the Web3 Area Alliance, we’re honored to work alongside our new co-members to unlock potential within the Web3 area house,” mentioned Sandy Carter, SVP and Channel Chief of Unstoppable Domains. “Collectively, we’ll construct a Web3 area house the place new concepts and innovation can flourish and the place extra individuals can personal their digital id.”
Web3 domains have seen a speedy improve in curiosity, with greater than 3.4 million domains reportedly created throughout the business in 2022 alone. Amid this rising curiosity, the Web3 Area Alliance was based in November 2022 as the primary business group to create requirements for the blockchain naming business. The Web3 Area Alliance additionally goals to proactively have interaction in discussions with ICANN to extend ICANN’s consciousness and recognition of Web3 High Degree Domains (W3TLDs).
“Digital id is the following nice frontier of Web3 and we’re thrilled to assist innovation on this house by means of the Alliance,” mentioned Lane Kasselman, President at Blockchain.com. “We stay up for serving to set requirements as a group so we are able to shield customers because the Web3 area business grows.”
Web3 domains present a significant part of an individual’s Web3 digital id. Domains can be utilized, amongst different issues, to ship and obtain cryptocurrency rather than prolonged alphanumeric pockets addresses, host an internet site that you just absolutely personal, arrange safe e-mail forwarding, and signal into tons of of apps, video games, metaverses and extra. Web3 domains are minted on the blockchain and saved in a person’s pockets, placing possession within the arms of the proprietor.
As a part of immediately’s announcement, the Alliance welcomes 27 new naming programs, together with Stargaze Names, iheartdomains.xyz, EDNS, NF.Domains [TxnLab Inc.], United Domains, Threely, Xdc Web3 Domains, Astar Web3 Domains, Tron/Bittorent Web3 Domains, Velas Web3 Domains, IoTeX Web3 Domains, Fusion Web3 Domains, Elastos Title Service, Moon Web3 Id, Wanchain Web3 Domains, Ontology Web3 Domains, NEAR, OKC Web3 Domains, Meter Title Service, Metis Title Service, Fuse Web3 Domains, Straightforward IP, IAMX.ID, .CSPR Domains, Metascan, NFTR, and NFT Domains SA.
Further new members to the Alliance embody Blockchain.com, Wyre, Rarible, Bitdegree, WazirX (Bandit), Math Pockets, Guarda, Solo Pockets, My Doge Pockets, OMNI, Expertise Protocol, Indacoin, Markmonitor, Revest Finance, Coreum, Cian, LunarCrush, Web23, WAM, NFTrade, XcelPay, Klever, KICA, Wirex, and Puma Browser.
Early members of the Web3 Area Alliance embody Unstoppable Domains, Bonfida, Polkadot Title System, Hashgraph.identify, Syscoin, and klaytn.domains.
About Web3 Area Alliance
Based in 2022, the Web3 Area Alliance is a member-led, member-driven group devoted to enhancing the technological and public coverage environments for customers of Web3 naming companies. It exists to advertise the event of the Web3 naming business and the functioning of Web3 area registries with and throughout blockchain-based and conventional internet functions. The Web3 Area Alliance can also be devoted to the technological development and interoperability of Web3 area registries.
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